News

Petronas fuels local vendors to become global champions

KUALA LUMPUR, July 3 (Bernama) -- PETRONAS recently organised a one-day BeyondHome programme to encourage local oil and gas services and equipment (OGSE) vendors to venture beyond Malaysian shores.

In collaboration with Malaysia External Trade Development Corporation (MATRADE), the programme was aimed at empowering local vendors to be more competitive and resilient.

The event brought together stakeholders from nine countries and provided insights to about 500 local PETRONAS  contractors in helping them make inroads into the foreign markets.

The participating countries were Argentina, Azerbaijan, Brunei, Indonesia, Iraq, Mexico, Myanmar, South Sudan and Turkmenistan -- where PETRONAS maintains operations or has ventured into, in terms of upstream exploration and development.

International Trade and Industry (MITI) Deputy Minister Dr Ong Kian Ming officiated BeyondHome, which was also attended by the ambassadors of Argentina, Azerbaijan and Mexico.

He said: “This initiative, aimed at inculcating a global vision in local vendors, is very much in line with MITI’s endeavours to push Malaysian products, services and technologies beyond our shores.

“The government is placing substantial emphasis on the OGSE sector this year. We are encouraged by the rise in exploration and production activities and we expect a lot of potential in the downstream projects and products.”

Apart from exhibition booths featuring a wide array of business opportunities in different continents, vendors were also exposed to a series of talks ranging from how to understand local nuances in the emerging markets and to get advice from successful medium-scale companies. 

-- BERNAMA

 

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